Preestablished harmony: The Japanese government's demand for Japanese government bonds
Date
2012
Authors
Onji, Kazuki
Kameda, Keigo
Akai, Nobuo
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Publisher
Elsevier
Abstract
The Japanese government is heavily indebted but the yield on the Japanese government bond (JBG) remains low to date. We hypothesize that the presence of the Japanese government as a large stable investor of JGBs exerted a stabilizing influence on private
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Keywords: Public debt management; Sovereign debt; VARMA
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Source
Japan and the World Economy
Type
Journal article
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2037-12-31
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